LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE

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 Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years  for N43.5m Fraud    Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud.   The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00   Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep

EFCC CANVASES FOR ASSET RECOVERY,MARKS AU ANTI-CORRUPTION DAY WITH ROAD WALK,ROUND TABLE DISCUSSION.{PHOTOS}.#PRESS RELEASE.

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     EFCC Canvasses for Asset Recovery, Marks AU Anti-corruption Day with Road Walk, Round Table Discussion
The Economic and Financial Crimes Commission, EFCC, will on Thursday, July 11, 2019 host a public education and sensitization Road Walk, as well as a Round Table Discussion on Asset Recovery and Return, to mark the 3rd African Union, AU Anti-Corruption Day.
This year’s theme: “Towards a Common African Position on Asset Recovery”, will be the focus of the Round Table discussion, and will involve development partners, members of the international community, policy makers, legal practitioners, private sector, banks and civil society organizations, among others.
Participants will be tasked with developing a framework for Africa’s assets recovery and return.
The road walk, which will be a symbolic Walk Towards Asset Recovery & Return, will be led by the Acting Chairman, EFCC, Mr. Ibrahim Magu, and will commence at 7am from the EFCC Abuja Zonal Office, 5, Fomella Street, Wuse 2, to terminate at the Musa Yar’Adua Centre, venue of the Round Table discussion.
Recall that following the adoption of the African Union Convention on Preventing and Combating Corruption on July 11, 2003 in Maputo, Mozambique, the Heads of state and Governments of the AU, in 2011 declared July 11 every year as the “African Union Anti-Corruption Day”.One more photos below.
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